BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 12-Month High – Here’s What Happened

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB)’s share price hit a new 52-week high on Monday . The stock traded as high as C$30.90 and last traded at C$30.84, with a volume of 50928 shares traded. The stock had previously closed at C$30.68.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Up 0.6%

The stock has a 50-day simple moving average of C$28.23 and a 200 day simple moving average of C$26.38.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.